Economist: loan funds allocated and spent well in the field of investment

Economist: loan funds allocated and spent well in the field of investment

Business & Finance

Economy News / Baghdad ...

Stressed the economic expert on behalf of Jamil Antoine, on Thursday, that the issue of shackling foreign loans for the Iraqi economy back to several possibilities, according to the government followed in its investment policy, as explained that Iraq had borrowed for the urgent need of funds because of the economic crisis that accompanied the decline in oil prices, he pointed out that the policy blocs discuss economic issues by political means to compete only away from the discussion in real economic.

Said Antoine in a press statement, said that "the issue of shackling foreign loans for the Iraqi economy back to several possibilities, according to the government followed in its investment policy," noting that "the loan funds be allocated well spent in the field of investment in the industrial, agricultural and other sectors, it did not affect the economy great, but that he went to the corruption and spent without them, it will affect the economy significantly. "

He explained the economic expert, said that "Iraq had borrowed for the urgent need of funds because of the economic crisis that accompanied the decline in oil prices," adding that "the masses and the political parties discussed economic issues by political means to compete only away from the discussion in real economic."